Luca Silipo
1 min readJun 1, 2020

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I am sorry but is this the way you get 1.600+ claps? This article, Nick, is something of the past. Let me tell you the only reason why market is rising, Nick: the creation from nothing of unsubstantiated money by central banks. This, as Powell said, is money for loans that are going to fully solvent entities: hence, funds, and corporations that are going to buy back stock massively and basically for free. Stock markets are not a leading indicator of anything, nowadays. They are a lagging indicator of Central Banks who have lost their independence not to Governments, but to rich people.

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Luca Silipo
Luca Silipo

Written by Luca Silipo

I am an economist and author dedicated to finding applicable solutions to achieve social sustainability while preserving economic growth.

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